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Robert Downey Jr.'s FootPrint Coalition Ventures Joins Motif FoodWorks
Motif FoodWorks, the Boston-based food technology company making plant-based food better tasting and more nutritious, today announced an investment by Robert Downey Jr.'s FootPrint Coalition Ventures. Along with the investment, the companies will partner on the development of new-to-the-world plant-based food forms.
Separately, Motif also unveiled an expanded product portfolio—in addition to its food technologies—for foodservice providers, distributors, and retailers with private labels. The new products include finished alternative beef, pork and chicken formats that feature its breakthrough food-technologies...
NCBA President Urges Congress to Adopt Broadly Supported Cattle Market Policies
Today, National Cattlemen’s Beef Association (NCBA) President Don Schiefelbein, a Minnesota cattle producer, testified before the House Agriculture Committee in a hearing on issues in the cattle markets. Schiefelbein urged House members to support key policies with broad, unified support across the entire cattle industry including a cattle contract library, Livestock Mandatory Reporting (LMR) reauthorization, and investments in small regional processing capacity expansion.
“The only people who know exactly how cattle producers should navigate these uncertain times are the individuals who work..."
Freddy's Frozen Custard & Steakburgers Announce Multi-Unit Agreement Signings for 64 New Restaurants
Growing Demand in Chicago Sparks Deal with Veteran Franchise Group to Bring 13 New Restaurants to Area
Leading fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today its significant Q1 franchise development success, signing six new multi-unit agreements that will bring a total of 64 new Freddy's locations to new and existing markets, including North Carolina, South Carolina, Texas, Louisiana, Illinois and California. Most notably, existing Freddy's franchisees of more than a decade, M&M Custard, inked an agreement to expand the brand's growing footprint...
Amazon Creates $1 Billion Fund for Supply Chain Innovation
Amazon will invest $1 billion into supply chain technology.
Amazon is launching a $1 billion venture investment program for logistics and fulfillment technology.
The e-tail giant’s new funding initiative, called the Amazon Industrial Innovation Fund (AIIF), is meant to advance and support innovation in customer fulfillment, logistics, and the supply chain. According to Amazon, increasing customer demand for online shopping and fast delivery led it to create the fund.
Amazon says the new fund will invest in companies that develop and provide solutions that “incrementally increase delivery...
Chipotle Launches $50 Million Venture Fund to Foster Innovation
Chipotle is launching a $50 million venture fund.
Chipotle Mexican Grill is hoping to revolutionize the restaurant industry.
The quick-service restaurant chain announced the launch of Cultivate Next, a venture fund that will support seed-to-Series B stage companies that focus on increasing technology and innovation in restaurant operations and align with its mission to “Cultivate a Better World.” The fund will have an initial size of $50 million and will be financed solely by Chipotle.
The fund launch comes as the company is continuing its...
Cal-Maine Foods, Inc. Announces $82.0 Million for Capital Projects to Expand Cage-Free Production
Cal-Maine Foods, Inc. today announced that its Board of Directors has approved new capital projects to further expand the Company’s cage-free egg production capabilities. The Company plans to fund the proposed projects for an estimated total of $82 million through a combination of available cash on hand, investments and operating cash flow.
The proposed projects will include the following Cal-Maine Foods’ locations:
- Delta, Utah - four new cage-free layer houses and two pullet house conversions with capacity for approximately 810,000...
Tyson Foods Invests in Bowling Green, Kentucky with State-of-the-Art Facility
Tyson Foods leadership, Kentucky Governor Andy Beshear, and city officials from Bowling Green broke ground today on the site of Tyson’s new $355 million bacon production facility. Once operational in late 2023, the 400,000 square foot facility will employ 450 people and help meet growing demand for the company’s iconic Wright® and Jimmy Dean® brands.
“Tyson Foods announced this tremendous investment in Warren County just over three months ago, and I am thrilled to join the company’s leaders for today’s..."
Deliverect Raises $150 Million in Series D Funding, as it Reaches 100 Million Orders Processed
Deliverect, a global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, today announced it secured more than $150 million (€130 million) in Series D funding. The funding, which is led by Coatue and Alkeon Capital as well as existing investors OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin, brings Deliverect to $240 million raised to date. This round marks the company's valuation at over $1.4 billion.
With this latest round of funding, Deliverect...
SHIC Receives Pork Checkoff Funding for Program Extension to 2027
The National Pork Board of directors has approved an additional $15 million investment of Pork Checkoff funds in the Swine Health Information Center (SHIC) extending funding through 2027.
Launched with Checkoff funds in 2015, SHIC works to protect and enhance the health of the U.S. swine herd. This is done through coordinated global disease monitoring, targeted research investments that minimize the impact of future disease threats and analysis of swine health data.
The investment brings direct value back to producers through SHIC’s animal health research priorities...
Green Circle Foodtech Ventures Announces the Launch of Fund I with Participation from Hormel Foods
Green Circle Capital Partners is pleased to announce the launch of their venture capital division, having conducted a first closing for Green Circle Foodtech Ventures I (GCFV) with the anchor investment coming from 199 Ventures, the venturing company of Hormel Foods.
“Having a leading global branded food company in our corner, providing support and resources for portfolio companies, is incredibly exciting and opportune for us and for the companies in which we will invest,” said Stu Strumwasser, founder of Green Circle and Co-Managing...
HelloFresh to Double Investments in 2022 as Stock Dives
German meal-kit operator HelloFresh plans to double its investments in production capacity, infrastructure and product development to about 450 - 550 million euros ($508.73 million to $621.78 million) in the coming year.
Speaking at HelloFresh’s Capital Markets Day on Wednesday, CEO Dominik Richter said the company was responding to changes in consumer behaviour as more people work from home due to the pandemic.
To further grow its customer base, HelloFresh said it would be expanding...
Pilgrim’s Supports Mayfield Recovery with $1 Million Investment
Pilgrim’s, leading global food company and the largest employer in Graves County, Ky., today announced a $1 million investment to assist with community recovery needs and support long-term rebuilding efforts resulting from the recent tornado that impacted the area.
“We are humbled to contribute to the relief efforts in our hometown of Mayfield,” said Kent Massey, Pilgrim’s Mayfield complex manager. “The community has always supported us, and we are focused on helping with the efforts to rebuild during this critical time.”
Pilgrim’s will determine how funds will be...
Packaged Facts Analyst Comments on JBS Acquisition of Cultivated Meat Company
Cultivated meat products, which are lab-grown alternatives to meat that are produced by in vitro cell cultures of animal cells, are seeing rapid product development as many consumers are increasingly looking for alternatives to meat that are better for the environment or animal welfare.
As consumers have increasingly been adopting plant-based meat alternatives in their diet, food producers have been investing in the alt-meat space (plant-based and cultivated meat products) to take advantage of massive growth opportunities. Packaged Facts projects that the U.S. market for...
Tyson Foods Continues Growth of Wright® and Jimmy Dean ® Brands with Investment in Kentucky
Tyson Foods will invest $355 million to build a state-of-the-art bacon plant in Bowling Green, Kentucky, company officials announced today. The project is part of Tyson’s commitment to meet increasing retail and foodservice demand for bacon products to deliver against its strategy of accelerating long-term growth aligned to consumer trends. The new facility is expected to create 450 jobs with production beginning in late 2023.
“We are excited to be a part of the Warren County and Kentucky..."
GrubMarket Raises $145 Million Series E to Accelerate Profitable Growth
GrubMarket, a San Francisco-based food technology company, announced today it raised $145 million in a heavily oversubscribed Series E funding round from funds and accounts managed by BlackRock, Liberty Street Funds, Japan Post Capital, Walleye Capital, Celtic House Asia Partners, INP Capital, Pegasus Tech Ventures, RIVC and Gaingels, among other unnamed participants. This round values GrubMarket at over $1 billion.
"We have experienced an incredible acceleration of growth in the last 12 months – revenues are up more than 300% over last year, reaching a $1...
Rising Meatless Protein Investment by Food Industry Indicating Accelerating Plant-Based Demand
A new report from Bloomberg Intelligence is predicting that the global market for plant-based foods could see a fivefold growth by 2030. As the demand for plant-based dairy and meat alternatives continues to climb, the food industry is also seeing rising investment in new products and production methods, coming from a variety of ingredient and CPG manufacturers, including newly-public Nepra Foods, as well as established food industry giants such as Bunge Limited, Conagra Brands, Inc., Sprouts Farmers Market, Inc., and Archer-Daniels-Midland Company...
Cal-Maine Foods, Inc. Announces Strategic Investment in New Egg Products Manufacturing Company
Cal-Maine Foods, Inc. today announced the Company’s Board of Directors has approved a strategic investment that will specialize in high value commercial product solutions targeting specific needs in the foodindustry. The initial focus will include hard-cooked and extended shelf-life egg product lines. The new entity, located in Neosho, Missouri, will operate as MeadowCreek Foods, LLC (“MeadowCreek”).
Cal-Maine Foods will capitalize MeadowCreek with up to $18.5 million in debt and equity to purchase property and equipment and to fund...
Benson Hill to Acquire Soy Crushing Facility to Scale Production of Soybean Ingredient Portfolio
Benson Hill, Inc. a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, today announced the expansion of its ingredients infrastructure by entering into a definitive agreement to purchase a soybean crushing facility from Seymour, Indiana-based Rose Acre Farms. This investment represents a significant milestone in the execution of the Company's growth plan, and will be funded through the expansion of Benson Hill's debt facility with Western Technology Investment.
Benson Hill's integrated supply chain strategy combines improved...
Amazon Expands Hampton Roads Investment with a Career Center and Two New Delivery Stations
Amazon continues its investment in the Hampton Roads area with the launch of a Career Center and two delivery stations. The Amazon Career Center, located at 1989 S. Military Highway in Chesapeake will serve as a hiring and orientation hub for the company’s operations facilities in Chesapeake, Suffolk, Norfolk, Hampton, and Virginia Beach. Additionally, the company is excited to announce the opening of two delivery stations in the Hampton Roads area, a 165,000 square foot facility at 1400 Sewells Point Road in Norfolk and a 111,600...
Actual Veggies Raises $2.3M from Investors to Expand Veggie-Only CPG Startup
Actual Veggies announced that it has closed a $2.3M round of funding from Electric Feel Ventures, the venture arm of Post Malone's management team, run by Austin Rosen, Big Idea Ventures, Rose Street Capital, pro-soccer player, and three-time FA Cup champion defender, Kieran Gibbs, and other strategic investors. Combined with its previous funding round from Big Idea Ventures and angel contributions, Actual Veggies has secured $2.8M in funding to date.
“Since we launched the company, it’s been an incredible whirlwind and despite the challenges of...
Papa John's Announces New Hiring, Referral and Appreciation Bonuses for Front-line Workers
Papa John’s International announced new hiring, referral and appreciation bonuses for its approximately 14,000 front-line team members in the company’s corporate restaurants and supply chain, recognizing again their essential role in the company’s record growth and industry outperformance. Papa John’s also plans to make additional investments in its full-time staff in its higher volume company-owned stores to support continued growth. The company expects to invest approximately $2.5 million in these initiatives during the remainder of 2021.
“The incredible hard work and commitment of our team members, which powered Papa John’s tremendous performance and transformation over the past 18 months, is just as important to...
United States and Taiwan Hold Dialogue on Trade and Investment Priorities
The United States and Taiwan held the eleventh Trade and Investment Framework Agreement (TIFA) Council meeting yesterday under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO). Assistant United States Trade Representative Terry McCartin and Jen-ni Yang, Deputy Trade Representative from Taiwan’s Office of Trade Negotiations, co-led the discussions, which were held virtually and focused on enhancing the longstanding trade and investment relationship between the United States and Taiwan. Other U.S. participants and contributors included AIT and the U.S. Departments of Agriculture, Commerce, Health and Human Services, Labor, State and Treasury.
The TIFA establishes TIFA Council meetings as the key mechanism for trade and investment dialogue between the U.S. and Taiwan authorities, and covers a broad range of issues...
Walmart Invests in DroneUp, the Nationwide On-Demand Drone Delivery Provider
In Walmart's ongoing effort to get customers the items they want, and fast, the companys knows it will take a well-coordinated network of delivery solutions that span the streets, sidewalks and skies. Some of these solutions are still emerging, but they’re already showing encouraging results.
Last year, Walmart partnered with DroneUp, a nationwide drone services provider, to launch trial deliveries of at-home COVID-19 self-collection kits. The trial demonstrated we could offer customers delivery in minutes versus hours. Now, after safely completing hundreds of drone deliveries from Walmart stores, it is...
JBS USA Invests in U.S. Beef Capacity and Permanently Increased Wages
JBS USA announced it is investing more than $130 million in the U.S. beef industry to increase production capacity and more than $150 million in annualized pay increases to workers across its nine beef plants. The investments are part of the company’s long-term strategic commitment to the success and future growth of the U.S. beef industry.
JBS USA has invested $130 million to increase production capacities at two of its major beef processing facilities in Grand Island and Omaha, Neb. The company is on schedule to complete a significant expansion of its Grand Island beef production facility, including the construction of a new harvest floor and enhanced animal welfare facilities, in late summer. JBS USA is also expanding cooler capacity and upgrading...
Wingstop Announces Minority Investment in Wingstop UK Franchisee
Wingstop announced a minority investment in the UK business, which is operated by its UK franchisee, Lemon Pepper Holdings Ltd. This investment follows strong performance in the UK and underscores the brand's confidence in the market as a key growth lever for global expansion.
"We are thrilled to partner with the Lemon Pepper team as they grow their brand presence in the UK, a market with tremendous long-term potential," said Wingstop CFO Michael Skipworth. "We believe this strategic use of our capital will strengthen the development pipeline in that market and I am excited to...
Urner Barry Releases May Soy & Wheat Report
Urner Barry Releases May Pulse Protein Report
Urner Barry Releases April Emerging Plant Protein Report
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Fat Badger Bakery
Urner Barry Releases April Soy & Wheat Report